Group personal insurance is a type of insurance policy that provides coverage to a group of individuals, such as employees of a company or members of an association. This type of insurance policy typically includes health, life, and personal accident coverage, and it is designed to provide a cost-effective way for individuals to access insurance […]
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What is the importance of group personal accident insurance for employees?
Considering the rise in the number of accidents, many organizations offer group personal accident insurance to their employees. Companies either offer it free of cost or charge nominal premium rates. Why is a group personal accident insurance important A group personal accident insurance is important for employees because of the following reasons: Gives financial security […]
How is a Claim Processed Under Group Personal Accident Insurance?
Personal accident insurance allows the insurer to get a fixed amount in case of an accident. A group personal accident insurance can help an organization to ensure the safety of its employees. Know how is claim processed under Group Personal Accident Insurance? How to claim a Group Personal Accident Insurance In case of an accident, […]
What is Occupational Hazard Insurance and its Coverages?
Workers’ compensation insurance, often known as occupational hazard insurance, is an essential line of defence for companies and employees. It provides financial security against work-related illnesses or accidents, ensuring missed income and medical care. Protecting workers from risks related to their occupations is essential for maintaining a safe workplace and preventing financial disaster. Occupational Hazard […]
Video-What are the important features of Group Personal Accident insurance?
What are the important features of Personal Accident insurance? This short video explores the importance of understanding the key features of any Group Personal Accident Insurance policy through a real-life case study. Learn why it’s crucial to carefully evaluate and compare different policies to ensure that you choose one that meets your specific needs, as […]
Difference between Commercial Motor and Fleet Insurance Policies
The number of vehicles on Indian roads has increased drastically over recent years. Be it for private usage or commercial purposes. People have started purchasing and using their vehicles for various reasons. However, it is important to know that under Indian Motor Vehicles Act (MV Act), every vehicle needs to be insured before being driven […]
Be A Smart Employer, Buy Group Personal Accident Insurance For Your Employees
A smart employer is one who looks after the well-being of his employees. Today, every organization is treating its workforce as an asset and investing in employee benefit schemes to foster motivation and loyalty. Such initiatives also increase the productivity of employees. Availing of employee benefits insurance such as group health insurance, group personal accident […]
What is important to consider while shopping for restaurant insurance?
Not having an insurance protection plan for your restaurant can create chaos if something goes wrong. It is important to be prepared for contingencies and let your business be at peace at the time of mishaps. Buying a restaurant package policy provides safeguard against the turmoil of financial uncertainty. Hospitality business faces multitudes of risk. […]
What is the difference between personal accident insurance and life insurance?
This article is meant to understand the major differences between personal accident insurance and life insurance. A life insurance policy is a contract between the insured and the insurer under which, the insurance company provides a lump-sum payment to the beneficiaries upon the insured’s death. This is the death benefit. It acts as an income […]
What is the Scope of Student Safety in Education Package Policy?
There is no exaggeration if we would say that educational institutions are facing more risks than what they were facing a few years before. It is true, keeping the safety of students while offering a conducive learning atmosphere and managing your institution’s reputation is imperative for the success of your school. Therefore, it is essential […]